Lab Gov Stuffs up the Renewable Energy target, page-7

  1. 14,237 Posts.
    lightbulb Created with Sketch. 5
    so how does this work?

    Something like this.
    They run an auction ad respondents put in their bids.
    Any resultant project contract has a floor price and a ceiling price.
    If market prices go below the floor price the operator can call on the Government to make up the difference.
    If the market price goes above the ceiling the operator owes the Government money.
 
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